Stoch: Crossing up Elliott Oscillator: Bullish momentum I put Target there to take gains and secure profit, but if it continues then will open different operations looking next targets at other FIB levels. That's not a recommendation only my view.
Realy good entry for swing trading. Weekly Chart. Stochastic: Crossing up Volume: decrease when price goes down (4th Wave) Price stopped at 0.618 FIb Retracement of all the swing and 3 Weekly Candles confirms the bull move. I Think it's a good entry. Everyone has to do their own analysis, that's only my vision.
DMI: Weekly dominance before a 4th wave. Stochastic: on bottom starting a cross. If Neo can consolidate over the Weekly 20 EMA ($15.9) i see a good entry with good R/B. SL: over 50 EMA ($14.2) 1ST TARGET: 0.618 FIB ($23,7) +46% Adjust SL 0,236 FIB Ret ($20.5) Securing +26% if stop going down entry over 100 EMA . 2ND TARGET: 1 FIB ($30.1) +86.67%
DMI: Weekly dominance before a 4th wave. Stochastic: on bottom starting a cross. If Neo can consolidate over the Weekly 20 EMA ($15.9) i see a good entry with good R/B. SL: over 50 EMA ($14.2) 1ST TARGET: 0.618 FIB ($23,7) +46% Adjust SL 0,236 FIB Ret ($20.5) Securing +26% if stop going down entry over 100 EMA. 2ND TARGET: 1 FIB ($30.1) +86.67%
Wave B (red) of 1 (blue) equals 1.618 of wave A (red). Wave C of 4 (blue) equals 1.618 of wave C of 2 (blue). Wave 1 through beggining to high of wave B equals 0.382 of wave 3 extended (blue). So now, I think 5th wave, then correction. I think correction will be reflected in decline in major stocks, after dji, ndx, spx will complete 5th wave, but still right now...
If we are correcting inside an expanding wedge, preparing for the 5th wave we might looking long for the inner C around 24.900 and then short all the way down deeply below 23.
Hello my friends, Today i noticed some good setup from GBPCAD. Previously this pair make an inverted shoulders head pattern and then push straight to the upside for 700 pips in 2 weeks. I tried to fit some fibonacci tools into it and count the waves according to Elliot Waves principle. Surprisingly, it looks like this pair just finished with the 4th Wave. Wave-4...
AMAZON Possible after earnings scenario, completing the 5th wave. With probable strong resistance at the ~ 3330 Level (double top). In my opinion AMAZON is a must in any investment and growth portfolio.
Possible 4th wave correction soon. Chance to re-enter on its completion and buy the 5th wave. Good luck. Not advice.
We are currently at the wave 1 of wave 5. Possible rejection at the red trend line for wave 2 retracement before continuing up for wave 3. Possible Targets: $11,600 - $12,600
Market sent. is short so may keep under bull pressure at 4h 50ema and structure to tap into liquidity. Alternate PA 4 sell structure may set up. 5th wave.
BNB is going parabolic, this price action is an unusual elliot wave called an extended 5th or 5th wave extension. It's a statistical anomaly and happens so infrequently that usually you would have expected an ABC correction around the 1.618 region by now. I'm really excited to see this because it validates the idea that we're at the cusp of a giant bull market....
Uber is ending the 5th wave and setting up for an ABC-correction with a sideways result (somewhere around half March ?). Which then should start a 1ste wave up in a larger 3rd wave.
USDMXN is currently correcting towards the golden Fibonacci retracement of the last impulse wave to the downside. This follows the completion of corrective minor wave 4. It could be then followed by a final 5th impulse leg in the minor degree, eying the 100% Fibonacci extension of waves 1 and 2, near 18.34.
BIAS: LONG 5TH WAVE WEDGE PATTERN TARGET BASED ON FIBONACCI INVERSION + RESISTANCE
BIAS: LONG 5TH WAVE WEDGE PATTERN THIS TRADE IS SUBJECT TO BREAKING THE HORIZONTAL RESISTANCE (THIS IS NOT ALWAYS THE CASE BUT THE SHADED RESISTANCE HAS BEEN RESPECTED MANY TIMES
Please refer to text on chart. Price is forming a nice Elliot wave pattern here, I'll do an aggressive, low risk entry. However if the trade doesn't work and get in lower. The R/R for this trade is amazing so I don't mind having to take a few tries. ** Remember, we do not predict future price. We simply react to current price movements based on our...